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On April 11th, Haidilao issued a statement regarding the incident of a Haidilao employee being forced to buy gifts at their own expense due to a customer complaint. The statement reads as follows: At 9:57 AM on April 7th, we received an internal complaint from the employee. We contacted the employee at 2:18 PM that same day and simultaneously forwarded the complaint to the regional office for verification and processing. From April 8th to 9th, the company investigated the employees complaint and confirmed on the 9th that the employees account was largely true. On April 10th, the company discussed compensation with the employee. We solemnly promise to compensate the employee in accordance with the law and to express our sincere apologies in person or through other channels according to the employees wishes. Due to concerns about similar situations in other stores, at 10:00 AM on April 10th, we notified over 1,000 stores to conduct internal investigations. These investigations are ongoing, and we will handle any similar cases appropriately in accordance with the law.US President Trump: Our oil reserves are more than the next two largest oil-producing economies combined, and they are of higher quality.On April 11, Indonesian Foreign Minister Sujiyono stated in an interview that the China-Pakistan five-point initiative is a pragmatic measure to promote peace negotiations, achieve a permanent ceasefire, strengthen civilian protection, and normalize economic relations, and Indonesia welcomes it. Sujiyono said that since the beginning of the US-Israel-Iran conflict, Indonesia has called on all parties to immediately cease hostilities and return to the negotiating table to strive for a solution through means consistent with international law. The China-Pakistan five-point initiative prioritizes dialogue and diplomatic channels, which is conducive to creating the necessary conditions for achieving peace, stability, and security in the region and beyond. Recently, China and Pakistan issued a five-point initiative on restoring peace and stability in the Gulf and the Middle East, calling for a cessation of hostilities, the commencement of peace talks as soon as possible, and ensuring the safety of non-military targets, the safety of shipping lanes, and the primacy of the UN Charter.On April 11, sources revealed that the Bank of England plans to discuss the impact of Anthropics newly launched artificial intelligence model with financial institutions. British regulators are joining their counterparts in the US and other countries in warning of the risks posed by this tool. Anthropics Mythos model will be on the agenda of the Bank of Englands next Cross-Market Operations Resilience Group and CMORG Artificial Intelligence Task Force meetings, both scheduled for the next two weeks. The Federal Reserve and the Treasury have already held emergency meetings on the matter, and the Bank of Canada also met with banks and financial companies on Friday to discuss the cybersecurity risks posed by Mythos. These meetings reflect growing concerns among regulators that a new type of cyberattack is becoming one of the biggest risks facing the financial industry.Ukrainian President Zelensky: 175 Ukrainian soldiers and 7 civilians have returned home.

Gold Price Prediction: XAU/USD to Approach $1,880 as US Inflation Steals the Show

Daniel Rogers

Jan 12, 2023 11:59

 截屏2023-01-11 下午4.19.41_1024x576.png

 

During the Asian session, the gold price (XAU/USD) aims to extend its rebound to near the important barrier of $1,880.00. Prior to the announcement of U.S. inflation statistics, the precious metal fell to a low of approximately $1,867.50 during its rangebound behavior. However, in the late New York session, the precious metal rebounded significantly.

 

In Asia, S&P500 futures are doing poorly; yet, the total risk profile is notably positive. On a broader scale, the alpha created by 10-year US Treasury bonds has abandoned its recovery rise amid optimism and has declined to approximately 3.55%. In the meantime, the US Dollar Index (DXY) has fallen to roughly 102.75 as the market anticipates a further deceleration in the Consumer Price Index (CPI).

 

According to NBF analysts, headline prices will decrease 0.1% month-over-month and the year-over-year rate will decline from 7.1% to 6.9%. This rise should have been more than offset by decreasing gasoline prices. The Core index may have continued to be supported by growing rent costs and increased 0.3% month-over-month. This would result in a two-point drop in the 12-month rate to 5.8 percent."

 

None of the drivers, ranging from a risk-on sentiment to an economic slowdown and a lower consensus for the United States Consumer Price Index (CPI), are exhibiting indications of recovery in the US Dollar Index after the carnage. The Federal Reserve (Fed) could be compelled to modify its monetary policy forecasts for CY2023 and beyond if US inflation figures decrease.


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